KUALA LUMPUR: Malayan Banking Bhd has appointed John Chong as CEO of Maybank Kim Eng Group and Maybank Investment Bank Bhd (Maybank IB) with immediate effect.
Maybank said on Thursday that Chong, 46, was previously deputy CEO of Maybank IB. Also since Sept 24, 2013, he had assumed the role as interim officer-in-charge of the investment bank as well as acting head of Maybank Kim Eng Group.
"John has over 20 years of experience in investment banking with the Maybank Group, having joined Maybank IB (formerly known as Aseambankers Malaysia Bhd) in March 1993 as an officer in the corporate banking department," it said.
Maybank group president and CEO, Datuk Abdul Farid Alias said Chong was the ideal candidate to assume the posts of CEO, Maybank Kim Eng Group and CEO, Maybank IB given his wide experience and in-depth knowledge of the industry.
"John is a well-known and respected investment banker among his peers. He has been closely involved in a wide spectrum of investment and corporate banking exercises, including numerous award-winning landmark transactions encompassing bond and sukuk issuances, syndicated loans and project financing.
"We are confident that John will be able to strengthen Maybank Kim Eng group's position as a regional financial powerhouse and continue its pioneering spirit," said Farid.
Chong was appointed head of debt capital markets (DCM) when it was set up and he spearheaded the DCM business of the Maybank group to its current top ranking position in Malaysia.
During his tenure, he completed numerous landmark transactions encompassing bond and Sukuk issuances, syndicated loans and project financing.
In July 2010, he was appointed managing director and head of client coverage private sector and subsequently, public sector in September 2012.
Maybank said Chong has been instrumental in expanding the reach of Maybank's client coverage team across the region.
He holds a Bachelor of Economics (Hons) degree from the University of Queensland, in Brisbane, Australia.